Guideline Value for SIVARAJ STREET

Sivaraj Street guideline value

The current guideline value of Sivaraj Street, located in Ponneri_2 village under the Ponneri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Sivaraj Street has changed

As per the guideline value register, the revisions for Sivaraj Street are as follows: In 2017, the guideline value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision and remained unchanged in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49%. The overall change from 2017 to 2024 also reflects a 49% increase. The guideline value has not changed between the 2023 and 2024 revisions, indicating stability at the current rate.

Guideline values in Ponneri_2

Ponneri_2 village has a total of 75 streets under the Ponneri SRO, with guideline values ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Sivaraj Street's 2024 figure above this median.

• Sivan Kovil Street: Rs 700 per sq.ft (2024)
• Sharma Avenue: Rs 1,200 per sq.ft (2024)
• Shankar Nagar: Rs 702 per sq.ft (2024)
• Sri Shakthi Nagar: Rs 700 per sq.ft (2024)
• Samundeeswari Nagar: Rs 700 per sq.ft (2024)
• Samayapuri Mudaliar St: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in Sivaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivaraj Street?

Sivaraj Street falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor during the registration of property transactions in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when acquiring property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair rate, reflecting the property's worth as per the government’s assessment. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Sivaraj Street?

The current guideline value of Sivaraj Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Sivaraj Street?

Sivaraj Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Sivaraj Street?

The registration office covering Sivaraj Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Sivaraj Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000.